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Commerce does not work without trust, so a commercial technique that can function even where commerce cannot is not much of a selling point. If you are running a business in Mogadishu, the security of your ownership registries should be the least of your concerns. | Commerce does not work without trust, so a commercial technique that can function even where commerce cannot is not much of a selling point. If you are running a business in Mogadishu, the security of your ownership registries should be the least of your concerns. | ||
These are not compelling reasons to abandon conventional registries, all of which are now in electronic (if less encrypted) form. Not only have conventional registries been knocked by the millennium into robust shape, but blockchains transparently have not. Flash loans, XSS vulnerabilities, sybil attacks, rug-pulls malicious javascript — | These are not compelling reasons to abandon conventional registries, all of which are now in electronic (if less encrypted) form. Not only have conventional registries been knocked by the millennium into robust shape, but blockchains transparently have not. | ||
Flash loans, XSS vulnerabilities, sybil attacks, rug-pulls, malicious javascript — I could go on, but the good people at https://web3isgoinggreat.com/ have it covered in real-time. | |||
{{sa}} | {{sa}} | ||
*{{br|Antifragile: Things that Gain from Disorder}} | *{{br|Antifragile: Things that Gain from Disorder}} | ||
*[[Pace layering]] | *[[Pace layering]] | ||
{{ref}} | {{ref}} | ||